HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result First Quarter Ended [31th March, 2020]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
First QUARTER ENDED 31st March, 2020

Hana Microelectronics Group 'Hana' Sales Revenue decreased 10% year on year to THB 4.6 billion for the first
quarter of 2020 from THB 5.1 billion for the first quarter 2019. Sales Revenue in USD terms decreased 9% to
USD 147m for Q1 2020 from USD 162m in Q1 2019. Operating Profits increased 191% to THB 483m in Q1 2020
from THB 166m in Q1 2019.



HIGHLIGHTS
Quarter 1 2020 sales revenue for the group decreased 9% year-on-year in USD terms to USD 147m from USD 162m in Q119. The average exchange rate for Q120 was 1% stronger at THB/USD 31.3 from THB/USD 31.6 in Q119. As a result the sales revenue in THB terms decreased 10% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales decreased by 10%. Sales in Lamphun decreased 1% whilst Jiaxing decreased by 37%. The IC divisions sales revenues decreased 8% in Q120, with revenues of the IC division in Ayutthaya decreasing 5% and Jiaxing decreasing by 32%. "HTI" the Microdisplay/RFID operation in Ohio sales revenue decreased 32% in Q120 from Q119.

Quarter-on-Quarter, in USD terms, sales for the group decreased 10% to USD 147m in Q120 from USD 163m in Q419. In THB equivalent the group sales were down 6% in Q120 compared to Q419. Sales in the microelectronics divisions decreased 10% with Lamphun decreasing 4% and Jiaxing decreasing 30%. Sales revenues from the IC divisions were 8% lower in Q120 with Ayutthaya sales decreasing 5% and Jiaxing IC sales decreasing by 34%. The Microdisplay division sales decreased 23% in Q120 compared to Q419.

The Gross Profit margin was 7 percentage points higher at 15% in Q120 up from Q119 at 8% due to the THB/USD exchange rate when material purchased in Q419 was 3% stronger than Q120 [+3%] and exchange rate when material purchased in Q418 was 4% weaker than Q119 [-4%].

Year-on-year operating profits, were 191% higher at THB 483m in Q120 compared to THB 166m in Q119. The Operating margin was 7 percentage points higher at 10% in Q120 up from 3% in Q119 due to higher gross margin +7%. SG&A expenses were 6% lower in Q120 from Q119.